Today's Mortgage Rates Explained In A New Video From LoanLove.com

SAN DIEGO, Oct. 7, 2013 /PRNewswire-iReach/ -- LoanLove.com is a borrower advice website that provides detailed insights into the mortgage industry in a fun and entertaining way. The team at LoanLove.com is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending trends, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. With a wide array of how-to article guides and videos, Loan Love aims to stay on top when supplying readers with the latest in today's mortgage rates and trends. Loan Love's new informational video titled "Today's Interest Rates Spike Upward (Roller Coaster Ride Continues)" discusses to viewers the continuous changes in today's mortgage market like the constant changes in mortgage rates lately. Loan Love's video can help loan borrowers to better understand these recent changes to interest rates while preparing them for any sudden ups and downs the home loan rates may experience.

The video's hostess explains to viewers the following: "…unless you've been hiding under a rock for the past couple of weeks or you have absolutely zero interest in financial news, you've undoubtedly heard about how mortgage rates have been spiking upward. Today's news is no different. Given that the recent historic low interest rates were being propped up by a federal government program, an adjustment in those rates -- that is, getting them back to normal levels -- was inevitable. And chances are pretty good that rates are going to go up even more before they finally find their magic "sticking point." The main thing to remember is to stay calm and shop smart: there are more mortgage options than ever before, and that means you still have time to get a mortgage that saves you lots of money."

Although increased interest rates linger on, the Loan Love video clearly states that there is no need for loan borrowers to panic, just to be more pragmatic when deciding on a home mortgage loan. With interest rates still being pretty low, loan borrowers still have time to pick out the best loan based on their financial situation. Attached to the Loan Love video is also an article that goes into detail about the fluctuating interest rates and how loan borrowers can often get trapped with heavy fees. As the article reads:

"But while some people got stuck with a lemon – like an inflated mortgage that left them owing more than their home was actually worth – other people watched as the economy began to spiral downward and waited for the adjustments and incentives that would surely follow. You can guess which group came out on top. For most of us, it's easy to get wrapped up in the minutiae of day-to-day living; but sometimes, learning to read the signs and signals of broader economic indicators can help you make much wiser financial decisions."

So while loan borrowers may not always be able to get a more desirable mortgage rate, Loan Love points out that by researching and doing background checks on mortgage interest rate adjustments an d incentives can help loan borrowers save the trouble and hassle later on through the course of their loan period. For more on the video and the attached article, please visit LoanLove.com.